We use cookies and similar methods to offer the best experience to all visitors and to remember their preferences. Please take a moment to review our Privacy Policy. By tapping “accept”, you consent to the use of these methods.

SBI - GERAL Q1 2026
+2.90 % 351.30
=
INCOME RETURN
+2.07 % +
APPRECIATION RETURN
+0.83 %
USD / REAL
0.00 % 5.02
CAN / REAL
0.00 % 3.64
EURO / REAL
0.00 % 5.82
IBOVESPA
-0.70 % 118,939.87 PTS
IFIX
0.00 % 3,855.09 PTS
SELIC
14.50 % 23.May.2026

EZTec will establish a new succession model in the next three years

The format could include the third generation of family and professional executives
The format could include the third generation of family and professional executives
02/10/2022
EZTec will define a new succession model in the next three years. The definition of the design to be drawn will be supported by the consulting firm Betania Tanure Associados (BTA). The format may include the third generation of the family, grandchildren of the founder and former chairman of the developer's board of directors, Ernesto Zarzur - who died two months ago - and professional executives. EZTec was founded in 1979, in São Paulo, by the businessman and his two eldest sons, Flávio Ernesto Zarzur and Silvio Ernesto Zarzur.

In 2006, the patriarch created a rotation system for his four sons to take turns in the presidency of EZTec. Currently, Marcelo Ernesto Zarzur is the president and technical director. Recently, the vice president of EZTec, Flávio Ernesto Zarzur, assumed the board's presidency, with a one-year term that tends to extend for another two.

With more than 40 years of experience in development, the new chairman states that the year 2022 does not show an "easy scenario", with elections, the World Cup and double-digit interest rates. "January was not a good month in terms of sales, launches or inventories", he says. The performance reflects, according to him, the apprehension of consumers in the face of high inflation. For this year, EZTec has expectations of a 0.5% rise in Gross Domestic Product (GDP) and increases of 5.5% in the IPCA and 7.5% in the INCC.

The company is preparing a high-end real estate launch in Vila Clementino, in the south of the city of São Paulo, with a General Sales Value (PSV) of R$ 400 million. It is the first project to be presented this year. "To launch other ventures, we are going to want a greater volume of sales, to see how the market is doing", says Flávio Zarzur. EZTec has R$ 2 billion in projects approved in the city of São Paulo but has not defined a "guidance" of launches for this year. In 2021, it had a PSV of R$1.9 billion.

Latam
Brazil
National
CRE
Market Analytics
Market Trends

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

Zolver

Premium offices expand beyond São Paulo’s traditional hubs
05/20/2026
São Paulo premium office leasing hits post-pandemic high as companies seek more dynamic spaces
05/19/2026
Multifamily gains momentum in Brazil as more people live alone and prioritize everyday convenience
05/18/2026
Toky Group Tries to Rebuild After Billion-Real Bankruptcy Protection Filing, Raising Concerns for Logistics FIIs
05/14/2026
Carrefour Throws in the Towel to Cash-and-Carry in Brazil; Atacadão, Assaí and Grupo Mateus Expand
05/12/2026

Investments


Daniel Rose, CEO of APM Terminals Suape and Pecém
Record Growth: 7.9% Vacancy in Northeast Fails to Slow Logistics Expansion
Benny Finzi, country manager of 7 Bridges
7 Bridges Capital Sees Industrial Property Market as a Primary Investment Target

Market Trends

Thais Koch, director at Koch Construtora
Real Estate Culture Sets Rio and São Paulo Apart: On the Coast, the View Matters; in São Paulo, Prestige Comes from Location
Giancarlo Nicastro, CEO of SiiLA
A 12% Vacancy Rate Marks Balance in Mature Real Estate Markets — Here’s Why

Trusted by Leading Publications

EXCLUSIVE CONTENT

Join our mailing list for Real Estate News, Events, Insights & Resources.

SiiLA News on Mobile - Stay Updated Anytime, Anywhere. Read Latest Real Estate News from your phone